Welcome to our dedicated page for Relx Plc news (Ticker: RELX), a resource for investors and traders seeking the latest updates and insights on Relx Plc stock.
News and announcements related to RELX PLC (RELX) highlight the activities of its businesses in information-based analytics, decision tools and events. RELX is described as a global provider of information-based analytics and decision tools for professional and business customers, serving customers in more than 180 countries with offices in about 40 countries. Its shares are traded on the London, Amsterdam and New York stock exchanges.
A significant portion of recent news involves LexisNexis Risk Solutions, a RELX business. These updates cover topics such as fraud and identity management awards, insurance market research, home insurance trends, property claims analytics, medical data solutions for life insurance underwriting, and studies on fraud in public benefit programs. Such news offers insight into how data and analytics are being applied to risk management, insurance, government programs and other sectors.
Other RELX-related news items feature Brightmine, a global HR and data insights provider that is part of LexisNexis Risk Solutions, and RX, the events and exhibitions organizer within RELX. Brightmine releases research on workplace dynamics and HR policy challenges, while RX announces large-scale trade shows and exhibitions across multiple industries and geographies.
Investors and observers who follow RELX news can use this page to review updates on analytics products, research reports, industry studies, event announcements and corporate developments reported by RELX businesses. Regularly reviewing these items can help readers understand how RELX-related companies are applying data, analytics and technology in their respective markets.
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LexisNexis Risk Solutions has been awarded the Financial Crime - Data category in the Chartis Research RiskTech100 for the third consecutive year, underscoring its leadership in the risk technology sector. The company was also ranked 17th overall in the RiskTech100, a comprehensive analysis of key risk technology providers. LexisNexis continues to innovate in financial crime compliance data, addressing evolving regulatory demands. This recognition highlights its commitment to providing advanced analytics and global identity intelligence, essential for businesses managing financial crime risks.
The Cirium Airline Insights Review 2020 reports significant improvements in the on-time performance of global airlines, with over 180 of 300 airlines achieving a 90% on-time arrival rate since February 2020.
In 2020, airlines flew 49% fewer flights due to the pandemic, resulting in a 67% decline in overall global passenger traffic. The top 10 busiest airports saw a shift, with US airports dominating despite reductions in flights, while several Chinese airports entered the top rankings.
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LexisNexis® Risk Solutions released its Q3 Insurance Demand Meter, indicating that U.S. auto insurance shopping volumes increased overall, despite a slowdown in August. The report attributes this dip to the expiration of CARES Act benefits and extreme weather events, including hurricanes and wildfires. Insured shopping grew by nearly 10%, while uninsured shopping decreased by 10% from mid-August through September. New business growth reached 5.7%, nearly doubling previous rates. The report suggests future market recovery tied to economic improvements and reduced unemployment.
LexisNexis Risk Solutions launched LexisNexis Emailage, a fraud risk scoring solution leveraging email intelligence to enhance fraud detection and user experience in digital transactions. This tool enables businesses to assess risks effectively, approve transactions swiftly, and counter evolving fraud tactics. Following the February 2020 acquisition of Emailage, it integrates patented analytics to bolster risk management. The solution employs a global network to offer comprehensive insights, aiding in online transaction fraud prevention and increasing legitimate customer approvals.
LexisNexis Risk Solutions launched Fraud Intelligence, a non-FCRA solution designed to combat new account fraud by integrating identity events and consumer application activities to generate a comprehensive fraud risk score. It addresses the surge in application fraud reported in 2020, enhancing detection rates by 30% for high-risk applications compared to legacy systems. The product is available in three specialized forms for banks, retail, and telecommunications sectors. This initiative follows the acquisition of ID Analytics in February 2020, aiming to improve fraud detection and elevate customer experience.
LexisNexis Risk Solutions and Yonomi have partnered to create a home insurance IoT solution, featuring a smartphone app for insurers to collect data from connected home devices. This proof of concept aims to streamline data collection and enhance policy pricing. Research indicates 78% of connected device owners are open to sharing data with insurers. The collaboration aims to simplify the insurance process, offering potential cost savings for consumers while increasing the value for insurers.
On Oct. 22, 2020, LexisNexis Risk Solutions and Arturo announced a strategic partnership to enhance property insurance underwriting in the U.S. This collaboration merges LexisNexis's extensive claims and weather data with Arturo's AI-driven aerial imagery analytics. This innovative approach aims to provide insurers with a comprehensive understanding of roof conditions, enabling better policy decisions. The partnership addresses rising roof-related claims while improving efficiency and accuracy in property assessments.
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